Commonwealth Equity Services LLC Has $64.43 Million Position in Capital Group Dividend Growers ETF $CGDG

Commonwealth Equity Services LLC cut its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,859,335 shares of the company’s stock after selling 39,530 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.86% of Capital Group Dividend Growers ETF worth $64,426,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CGDG. Endeavor Private Wealth Inc. raised its holdings in shares of Capital Group Dividend Growers ETF by 10.1% during the third quarter. Endeavor Private Wealth Inc. now owns 71,942 shares of the company’s stock valued at $2,504,000 after purchasing an additional 6,617 shares during the period. Global Retirement Partners LLC grew its stake in shares of Capital Group Dividend Growers ETF by 261.6% in the 3rd quarter. Global Retirement Partners LLC now owns 10,142 shares of the company’s stock valued at $351,000 after buying an additional 7,337 shares during the period. Merit Financial Group LLC increased its position in Capital Group Dividend Growers ETF by 38.8% in the 3rd quarter. Merit Financial Group LLC now owns 198,993 shares of the company’s stock valued at $6,895,000 after buying an additional 55,651 shares in the last quarter. Swisher Financial Concepts Inc. raised its stake in Capital Group Dividend Growers ETF by 21.7% during the 3rd quarter. Swisher Financial Concepts Inc. now owns 195,737 shares of the company’s stock worth $6,782,000 after buying an additional 34,891 shares during the period. Finally, Ascent Group LLC acquired a new position in Capital Group Dividend Growers ETF during the 3rd quarter worth approximately $291,000.

Capital Group Dividend Growers ETF Stock Performance

Shares of Capital Group Dividend Growers ETF stock opened at $36.17 on Tuesday. The stock has a market capitalization of $4.05 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $36.21. The stock has a 50 day moving average price of $35.39 and a two-hundred day moving average price of $34.59.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1841 dividend. This represents a $0.74 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15.

Capital Group Dividend Growers ETF Company Profile

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.